PMAA Compliance Bulletin: 2020-2021 Federal Heavy Highway Vehicle Use Tax Filing Period Begins July 1

The 2020 Heavy Highway Vehicle Use (HHVU) tax reporting period runs from July 1, 2020 to June 30, 2021. The HHVU tax is paid on each commercial motor vehicle with a gross vehicle weight of 55,000 pounds or greater that travels 5,000 miles or more per year.

The HHVU applies to most petroleum cargo tank vehicles and transports. Once the HHVU tax is filed and paid, the IRS will send back to filers a stamped IRS Form 2290 Schedule 1, proof of payment within 6 weeks.

What’s New with 2290 Filings

IMPORTANT! The IRS has suspended debit card and credit card payment methods for the HHVU tax until January 1, 2021. Until that time, only electronic payment via Electronic Federal Taxpaying System (EFTPS), electronic funds withdrawals, checks or money orders may be used to pay the tax.

The IRS provided no reason for the temporary suspension. However, the agency is cautioning taxpayers that the newly revised IRS Form 2029 (Rev. July 2020) for the 2020-2021 filing period continues to include the credit card/debit card payment option on line 6. Do not check this box until credit card and debit card payments resume on January 1, 2021. Another form of payment must be used.

IMPORTANT! Use IRS Form 2290 (Rev. July 2020) for the 2020-2021 filing period. Any amount due from the 2019-2020 filing period must be filed on the previous Form 2029 (Rev. July 2019)

Click Here to read the full PMAA Compliance Bulletin.

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